Capital Market Outlook

February 27, 2023


  • Macro Strategy — Earnings Recession Continues: Financial conditions have begun to tighten again, raising the odds of a 2023 recession.
  • Market View — The War in Ukraine: Some Consequences for the Financial Markets One Year On: In the case of the Ukraine-Russian conflict, think higher levels of global inflation, more state intervention, a more fragmented global economy, rising U.S. tensions with China, and complex/structural shifts in the global energy markets.
  • Thought of the Week — Sustainable Investing: Trends to Watch in 2023: The outlook for alternative energy should continue to gather momentum.

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